14921 Sherman Way

Van Nuys, CA 91405

  • 50 Bed(s)
  • 0 Bath(s)
  • 26,760 Sqft
  • 29604
    Sqft(Lot)
$5,600,000

Description

This 32-unit two-story garden style complex has gated entry, a pool, laundry room and landscaped courtyard. the parking is also gated and has 24 tuck under spaces, 9 carport spaces and one open space for a total of 34 cars. the city of los angeles mandatory seismic retrofit work has already been completed by the owner. other capital improvements include repaving the driveway and putting on a new roof about 10 years ago.the building is separately metered for both gas and electricity and the majority of the units have a private patio or balcony. the unit mix is excellent of 56% two bedrooms, two baths units averaging $1.59 psf and 44% one bedroom units averaging $1.34 psf. both unit types are currently renting significantly below the current market of at least 50%.this well-maintained complex offers an investor stable cash flow with upside that will appreciate in value over time. the property is also located in an opportunity zone, which offers an investor the potential to defer and eliminate capital gains if they substantially improve the asset per the existing oz laws. *located in opportunity zone *very well maintained *great mix of 1 & 2 bedrooms with balconies / private patios *gated parking & entry *pool, laundry and landscaped courtyard

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    45837649

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Property Details

  • Bedroom Information

    • Total Bedrooms : 50

    Bathroom Information

    • Total Baths: 50
    • Full Baths: 0
    • Half Baths: 0

    Cooling Features

    • Wall/Window Unit(s)
    • Air Conditioning

    Heating Source

    • Wall Furnace
    • Has Heating

  • Building Information

    • Year Built: 1964
    • Building Area Total: 26,760

    Pool Features

    • Community,In Ground

    Laundry Features

    • Laundry Room

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.6796
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 29604

  • Listing Price Information

    • Original List Price: 5,600,000
    • Listing Contract Date: 2024-01-23

    Lease Information

    • Listing Agreement: Seller Reserved

  • Tax Information

    • Parcel Number: 2221021018

  • Garage and Parking

    • Garage Description: Gated

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: VN - Van Nuys
    • Directions: North of Vanowen, South of Saticoy; East of Van Nuys Blvd, West of Sepulveda Blvd
    • Zoning: LAR3
    • Source Property Type: Residential Income
    • Area: VN - Van Nuys

    Building and Construction

    • Property Age: 61
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 26760
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 04/07/2025 @ 09:23

  • MLS: 24350843
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 50 bedrooms which is for sale, it has 26,760 sqft, 29,604 sized lot, and 0 parking. are nearby neighborhoods.